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Stock Market & Financial Investment News

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March 13, 2014
06:10 EDTBRBroadridge, Lombard Risk form strategic alliance
Broadridge Financial Solutions together with Lombard Risk Management announced they have formed a global alliance to address changing industry needs in the collateral management sector. In recent years, several factors such as global regulatory changes, tighter liquidity, a move towards greater transparency and the increasing cost of collateral have prompted firms to rethink their approach to collateral management. In response to these changing market dynamics, this strategic partnership will lead to the creation of powerful Broadridge integrated collateral management offerings, combining Lombard Risk's technology with Broadridge's applications and infrastructure.
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September 17, 2014
08:46 EDTBRBroadridge reaffirms FY15 EPS view $2.42-$2.52, consensus $2.48
Backs FY15 recurring revenue growth in the range of 5%-7%, and total revenue growth in the range of 4%-6%, consensus $2.69B. Reaffirms FY15 free cash flow outlook in the range of approximately $320M-$370M. Says aims to grow portfolio by capitalizing on three disruptive market macro trends, which include digitization of investor communications, cost/capability mutualization and intelligence created from unique data. Says the company plans to do so with a combination of organic growth, partnerships and acquisitions. Says targeting to pay out 45% of NON-GAAP net earnings in dividends, but expects no less than $1.08 per share annually, subject to board approval. Says aims to use excess cash "opportunistically" to offset dilution and reduce share count through buybacks. aims to invest in projects delivering at least 20% IRR. Comments taken from the company's investor slide presentation.

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